Small increase in manufacturing turnover
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ogibkoms, Turnover in oil and gas, manufacturing, mining and electricity supply, industrial turnover, domestic market, export market, valueEnergy , Oil and gas , Manufacturing, mining and quarrying , Energy and manufacturing

Turnover in oil and gas, manufacturing, mining and electricity supplyMay 2012



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Small increase in manufacturing turnover

Turnover in Norwegian manufacturing increased by 0.3 per cent from March to May 2012 compared to the previous three-month period, according to seasonally-adjusted figures.

Index of turnover for manufacturing January 2003-May 2012, 2005=100

Selected industries. Seasonally adjusted. Three-month moving average 2005-2012.

The largest contribution came from food products, which were up 3.1 per cent due to higher prices and larger production volume. See the Producer price index . Machinery and equipment also showed positive figures and went up by 8.1 per cent. This was due to higher turnover within the domestic market as a result of high investment levels within the oil and gas sector, see Investment statistics on oil and gas activity . In addition, turnover in computer and electrical equipment increased by 1.8 per cent.

Several industries saw reduced turnover in this three-month period, including basic metals, which fell 4.3 per cent. The reason for this was lower prices, particularly within non-ferrous metals, where prices have dropped since March this year, see the Producer price index . In addition, turnover within basic chemicals went down by 6.0 per cent, and paper and paper products dropped 2.2 per cent. The decline in both the Norwegian solar industry and the paper industry pushed the index down.

Small increase in turnover from April to May

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover went up by 0.1 per cent from April to May 2012. Deliveries within building of ships, boats and oil platforms resulted in a solid 27.6 per cent increase in turnover. Machinery and equipment rose 3.4 per cent. Repair and installation of machinery went up by 2.4 per cent. Other groupings experienced a fall in turnover. Among those with a low turnover was the grouping refined petroleum, chemicals and pharmaceutical with a drop of 5.2 per cent, mainly due to a price fall within refined petroleum products, see the Producer price index .

Increase from May 2011 to May 2012

Unadjusted figures showed an increase of 4.4 per cent in total manufacturing turnover in May 2012 compared to May 2011. Turnover in the domestic market grew by 8.6, while dropping 1.5 per cent within the export market. Building of ships, boats and oil platforms had the largest growth in turnover, up 53.6 per cent. This was followed by repair and installation of machinery, with an increase of 20.4 per cent. Machinery and equipment also went up 14.5 per cent.

Industries with a drop in turnover were metals and basic chemicals, down 18.3 and 13.7 per cent respectively. These changes show clear sector differences within Norwegian manufacturing.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. May 2012
     Original series.1
January-May 2012
   Changes in per cent.
January-May 2011-
January-May 2012
   Original series.1
May 2012
   Changes in per cent.
May 2011-May 2012
       Changes in per cent.
Seasonally adjusted.
December 2011-February 2012-
March 2012-May 2012
The overall turnover  710 228 8.5  138 698 11.4 0.9
Extraction and related services  329 001 20.9 61 737 30.8 -0.3
Manufacturing, mining and quarrying  328 930 6.0 68 565 4.4 0.6
Domestic market  195 924 8.0 41 579 8.6 0.1
Export market  133 006 3.3 26 986 -1.4 -0.1
Electricity, Gas and Steam Supply 52 297 -27.3 8 396 -28.3 -4.0
Main industrial groupings          
Intermediate goods  153 890 4.6 32 750 -0.4 1.2
Capital goods 91 758 13.2 19 715 22.6 -1.5
Consumer goods 79 517 3.3 16 288 2.5 3.0
Energy goods  385 063 10.2 69 945 17.2 -0.4
1  NOK million.

Interpretation of seasonally-adjusted figures

In order to facilitate the interpretation of the short-term development, statistics on turnover publishes three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods (for instance December to February compared with March to May).

The relationship between production and turnover

The development in the turnover can be related to changes in both volume and prices in the different industries. Production to stocks and sales from stocks can also take place. Reporting of large deliveries of capital goods can contribute to differences in the development in the index of production and the statistics on turnover.